Monzo Plus Fees

Monzo Plus Fees

Monzo Plus costs £5 per month with a minimum term of 3 months.

The monthly payment will come on the anniversary of signup, so if you signed up on the 12th July, the next payment will be on the 12th August. Unfortunately we’re unable to change the payment date.

Please note that sign ups are based on UTC times and that customers cannot pay their Monzo Plus or Premium subscription from a Bills pot.

Cancellation Fees

Cancelling within the 14 day cooling off period

If you ordered a Monzo Plus card, there is a £5 cancellation fee if you cancel within the 14 day cooling off period. We’ll refund your first monthly fee payment. If you don't order a card, there is no fee.

Cancelling within the 3 month minimum term

Whether you have ordered a Monzo Plus card or not, there is a £5 cancellation fee if you cancel within the 3 month minimum term. We’ll refund you for any remaining days of your monthly payment in the month you cancel.

Cancelling outside the minimum term

After 3 months all cancellations are free. We’ll refund you for any remaining days of your monthly payment in the month you cancel.

Please Note: If we're unable to collect the fee on your payment date, you will see a decline on your account (we’ll also send you an email). We’ll then continue to re-try this payment for the following 6 days. If this continues to decline, on the 7th attempt we will have to collect the payment and take you into an unarranged overdraft, as outlined in our Ts&Cs.

If you are outside the minimum 3 month term then on the 7th attempt we will simply cancel your Monzo Plus subscription

To view our full Monzo Plus Terms & Conditions tap here.